Aggregated News
Many Canadians who have turned to assisted reproductive technologies over the past 10 years are now eligible for a retroactive tax break as a result of last week’s federal budget.
Finance Minister Bill Morneau announced that the government is expanding access to a tax credit for Canadians who turn to reproductive technologies, so that both single women and same-sex couples can now qualify for the credit.
Previously, patients had to prove they were medically infertile before they could apply the Medical Expense Tax Credit to their infertility treatment costs. But this new measure will allow even more more patients to access the tax break, says Dr. Prati Sharma, an infertility specialist at the CReATe fertility centre in Toronto.
“The breadth and depth of patients who could be covered by this tax break has certainly increased,” she told CTV’s Your Morning Tuesday.
The 15 per cent tax break will also apply retroactively for 10 years, meaning even those who underwent treatment in 2007 will be eligible to apply for the credit.
The federal government says the changes are really a “clarification"...